Ellie George's Market Report

Medford, OR 97504

Single-Family Homes

Principal Broker/Owner #200502069 | Email: ellie@hqoregon.com | 541-601-9582



Medford, OR 97504

Mon Dec 02 2024
This week the median list price for Medford, OR 97504 is $539,500 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 166. Click here to stay informed with the Medford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Medford, OR 97504

Mon Dec 02 2024
This week the median list price for Medford, OR 97504 is $539,500 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 166. Click here to stay informed with the Medford market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Medford market.
Median List Price $539,500
Median Price of New Listings $460,000
Per Square Foot $272
Average Days on Market 101
Median Days on Market 77
Price Decreased 49%
Price Increased 2%
Relisted 7%
Inventory 166
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$869,000 3,053 0.25 - 0.5 acre 4 3 22 3 0 98
$625,000 2,256 8,000 - 10,000 sqft 3 2.5 18 3 5 70
$489,900 1,772 8,000 - 10,000 sqft 3 2 29 3 6 77
$400,000 1,672 8,000 - 10,000 sqft 3 2 47 7 7 63